Weekly reserve change: Gross down, net up excluding swaps

According to Central Bank data During the week of February 25 Gross reserves fell from $114.01 billion to $113.14 billion.

There was also a decline in net reserves. Net reserves, which were $19.8 billion in the week of February 18, decreased to $18.2 billion in the week of February 25.

The recovery continues in net reserves excluding swaps. Net foreign exchange reserves excluding swaps were minus $42.9 billion, better than minus $43.2 billion last week.

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